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Why HubSpot Stock Is Sliding Today

TheMotleyFool

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Why HubSpot Stock Is Sliding TodayPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Shares of HubSpot (NYSE: HUBS), a cloud-based customer relationship management (CRM) platform company, were falling today after an analyst lowered his price target for the stock.

The tech stock fell by as much as 7.4% on Tuesday and was down by 5.9% as of 12:21 p.m. ET.

Barclays analyst Ryan MacWilliams lowered HubSpot's price target to $325, down from his previous price target of $375, and kept an equal-weight rating on the stock.

Source Fool.com

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